About
HigherMe is hiring software for franchise restaurants, streamlining recruiting, interviews, and onboarding with mobile tools and cloud-based tech.
- Buffalo, United States of America
- Legal Name: Higherme INC.
- Company ID: 46-5205397
- Year Founded: 2014
- Industry: Information Technology & Services
- Website: https://www.higherme.com
- SEC Filings
Highlights
$10M
CF Valuation
$204.1K
Total Raised
$1.2M
Revenue
20
Employees
Indicators
Profit Margin
-78.8%
(29.2%)
2017: -108%
Current Ratio
35.1
(-63.7%)
2017: 96.72
Revenue Growth
Financials
| INCOME STATEMENT | 2018 | 2017 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $1,178,125 | $933,695 | 26% |
| Cost of Goods Sold | -$410,282 | -$344,555 | 19% |
| Gross Profit | $767,844 | $589,140 | 30% |
| Other Costs | -$1,691,370 | -$1,597,142 | 6% |
| Taxes Paid | -$4,625 | $0 | — |
| Net Income | -$928,151 | -$1,008,002 | -8% |
| BALANCE SHEET | 2018 | 2017 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $505,314 | $375,921 | 34% |
| Accounts Receivable | $1,000 | $1,159 | -14% |
| Total Liquidity | $506,314 | $377,080 | 34% |
| Other Assets | $508,578 | $67,830 | 650% |
| Total Assets | $1,014,892 | $444,910 | 128% |
| Short Term debt | $28,914 | $4,600 | 529% |
| Long Term debt | $500,000 | $70,000 | 614% |
| Total Debt | $528,914 | $74,600 | 609% |
| Other Liabilities | $485,978 | $370,310 | 31% |
| Total Liabilities | $1,014,892 | $444,910 | 128% |
Revenue Growth
Financials
| INCOME STATEMENT | 2018 | 2017 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $1,178,125 | $933,695 | 26% |
| Cost of Goods Sold | -$410,282 | -$344,555 | 19% |
| Gross Profit | $767,844 | $589,140 | 30% |
| Other Costs | -$1,691,370 | -$1,597,142 | 6% |
| Taxes Paid | -$4,625 | $0 | — |
| Net Income | -$928,151 | -$1,008,002 | -8% |
| BALANCE SHEET | 2018 | 2017 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $505,314 | $375,921 | 34% |
| Accounts Receivable | $1,000 | $1,159 | -14% |
| Total Liquidity | $506,314 | $377,080 | 34% |
| Other Assets | $508,578 | $67,830 | 650% |
| Total Assets | $1,014,892 | $444,910 | 128% |
| Short Term debt | $28,914 | $4,600 | 529% |
| Long Term debt | $500,000 | $70,000 | 614% |
| Total Debt | $528,914 | $74,600 | 609% |
| Other Liabilities | $485,978 | $370,310 | 31% |
| Total Liabilities | $1,014,892 | $444,910 | 128% |
| INCOME STATEMENT | 2018 | 2017 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $1,178,125 | $933,695 | 26% |
| Cost of Goods Sold | -$410,282 | -$344,555 | 19% |
| Gross Profit | $767,844 | $589,140 | 30% |
| Other Costs | -$1,691,370 | -$1,597,142 | 6% |
| Taxes Paid | -$4,625 | $0 | — |
| Net Income | -$928,151 | -$1,008,002 | -8% |
| BALANCE SHEET | 2018 | 2017 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $505,314 | $375,921 | 34% |
| Accounts Receivable | $1,000 | $1,159 | -14% |
| Total Liquidity | $506,314 | $377,080 | 34% |
| Other Assets | $508,578 | $67,830 | 650% |
| Total Assets | $1,014,892 | $444,910 | 128% |
| Short Term debt | $28,914 | $4,600 | 529% |
| Long Term debt | $500,000 | $70,000 | 614% |
| Total Debt | $528,914 | $74,600 | 609% |
| Other Liabilities | $485,978 | $370,310 | 31% |
| Total Liabilities | $1,014,892 | $444,910 | 128% |
| INCOME STATEMENT | 2018 | 2017 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $1,178,125 | $933,695 | 26% |
| Cost of Goods Sold | -$410,282 | -$344,555 | 19% |
| Gross Profit | $767,844 | $589,140 | 30% |
| Other Costs | -$1,691,370 | -$1,597,142 | 6% |
| Taxes Paid | -$4,625 | $0 | — |
| Net Income | -$928,151 | -$1,008,002 | -8% |
| BALANCE SHEET | 2018 | 2017 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $505,314 | $375,921 | 34% |
| Accounts Receivable | $1,000 | $1,159 | -14% |
| Total Liquidity | $506,314 | $377,080 | 34% |
| Other Assets | $508,578 | $67,830 | 650% |
| Total Assets | $1,014,892 | $444,910 | 128% |
| Short Term debt | $28,914 | $4,600 | 529% |
| Long Term debt | $500,000 | $70,000 | 614% |
| Total Debt | $528,914 | $74,600 | 609% |
| Other Liabilities | $485,978 | $370,310 | 31% |
| Total Liabilities | $1,014,892 | $444,910 | 128% |
Indicators
Profit Margin
-78.8%
(29.2%)
2017: -108%
Current Ratio
35.1
(-63.7%)
2017: 96.72
Efficiency Ratio
34.8%
(-5.7%)
2017: 36.9%
Key figures
| INCOME STATEMENT | 2018 | 2017 |
|---|---|---|
| Revenue Growth | 26% | ∞ |
| Profit Margin | -79% | -108% |
| Current Ratio | 35% | 97% |
| Efficiency Ratio | 35% | 37% |
| Solvency Ratio | -176% | -1,351% |
| Debt Ratio | 52% | 17% |
Funding History
1 Funding Round
$204,122Total Raised
$10,000,000CF Valuation
—Valuation Growth
| ROUND | STATUS | CLOSE DATE | RAISED | PLATFORM | SECURITY | TERMS | GROWTH | REGULATION | DAYS OPEN | START DATE |
|---|---|---|---|---|---|---|---|---|---|---|
1. Closed | Closed | Oct 22, 2018 | $204,122 | Wefunder | SAFE | $10M cap | — | SEC Reg CF | 193 days | Apr 12, 2018 |
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